Why Does Pertamina Postpone Bontang Refinery Project?

By Editorial Team 08/06/2020
Summary

PT Pertamina finally decided to suspend the Bontang Grass Root Refinery (GRR) Project. Pertamina Processing and Petrochemical Director Ignatius Talullembang said the company was forced to stop collaborating with Overseas Oil and Gas LLC (OOG), an oil and gas company from Oman. "Partners cannot continue; we postpone it. We examine what the supply-demand is like," he said in a virtual press conference on Friday (6/5).

Later, after the study is completed, the state-owned energy company will hold further discussions with stakeholders regarding the fate of the Bontang GRR Project. For now, according to Ignatius, Pertamina chose to focus on the GRR Project and other Refinery Development Master Plan (RDMP). For your information, Pertamina is working on the Bontang and Tuban GRR Projects and then RDMP Balongan, Balikpapan, Cilacap, Dumai, and Plaju, with a total investment of US$ 68 billion.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.